Qtron Investments LLC Lowers Holdings in KKR & Co. Inc. (NYSE:KKR)

Qtron Investments LLC reduced its holdings in shares of KKR & Co. Inc. (NYSE:KKR) by 12.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,237 shares of the asset manager’s stock after selling 1,009 shares during the period. Qtron Investments LLC’s holdings in KKR & Co. Inc. were worth $1,070,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of KKR & Co. Inc. in the 4th quarter valued at about $1,435,314,000. GQG Partners LLC purchased a new position in KKR & Co. Inc. in the fourth quarter worth approximately $325,752,000. Proficio Capital Partners LLC grew its holdings in KKR & Co. Inc. by 4,981.9% during the 4th quarter. Proficio Capital Partners LLC now owns 1,573,046 shares of the asset manager’s stock worth $232,669,000 after acquiring an additional 1,542,092 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at approximately $218,918,000. Finally, Roberts Foundation acquired a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $147,910,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KKR has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. JMP Securities dropped their price objective on KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. Bank of America decreased their target price on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating for the company in a research note on Friday, April 4th. Barclays dropped their price target on shares of KKR & Co. Inc. from $181.00 to $129.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Citigroup cut their price objective on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.33.

KKR & Co. Inc. Price Performance

Shares of KKR opened at $101.40 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a fifty-two week low of $86.15 and a fifty-two week high of $170.40. The firm has a 50-day simple moving average of $122.22 and a 200-day simple moving average of $139.51. The company has a market capitalization of $90.07 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Friday, February 14th. KKR & Co. Inc.’s dividend payout ratio is presently 21.02%.

Insiders Place Their Bets

In other KKR & Co. Inc. news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $32.96, for a total value of $197,760,000.00. Following the transaction, the insider now directly owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 39.34% of the stock is owned by insiders.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.